AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 130,799 shares of the investment management company’s stock after purchasing an additional 2,077 shares during the quarter. Bank of New York Mellon Corp’s holdings in AllianceBernstein National Municipal Income Fund were worth $1,422,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in AllianceBernstein National Municipal Income Fund in the third quarter worth approximately $181,000. Stifel Financial Corp lifted its position in shares of AllianceBernstein National Municipal Income Fund by 4.3% during the 3rd quarter. Stifel Financial Corp now owns 35,722 shares of the investment management company’s stock valued at $422,000 after acquiring an additional 1,460 shares during the last quarter. Dakota Wealth Management lifted its position in shares of AllianceBernstein National Municipal Income Fund by 4.4% during the 4th quarter. Dakota Wealth Management now owns 43,066 shares of the investment management company’s stock valued at $468,000 after acquiring an additional 1,800 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of AllianceBernstein National Municipal Income Fund by 10.4% during the 3rd quarter. HighTower Advisors LLC now owns 46,256 shares of the investment management company’s stock valued at $548,000 after acquiring an additional 4,346 shares during the last quarter. Finally, Riverbridge Partners LLC lifted its position in shares of AllianceBernstein National Municipal Income Fund by 185.5% during the 4th quarter. Riverbridge Partners LLC now owns 60,384 shares of the investment management company’s stock valued at $656,000 after acquiring an additional 39,236 shares during the last quarter.

AllianceBernstein National Municipal Income Fund Trading Up 0.5 %

Shares of NYSE:AFB opened at $10.98 on Monday. AllianceBernstein National Municipal Income Fund, Inc. has a one year low of $10.33 and a one year high of $11.95. The stock has a fifty day moving average of $11.05 and a 200-day moving average of $11.25.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its earnings results on Monday, December 30th. The investment management company reported $0.10 earnings per share (EPS) for the quarter.

AllianceBernstein National Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, March 6th were given a dividend of $0.0396 per share. This represents a $0.48 annualized dividend and a yield of 4.33%. The ex-dividend date was Thursday, March 6th.

AllianceBernstein National Municipal Income Fund Company Profile

AllianceBernstein National Municipal Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. The fund invests in the fixed income markets of the United States. It primarily invests in investment-grade municipal securities which pay interest that is exempt from federal income tax.